Investment Opportunity - Albuquerque

Retail-Commercial for Sale
Catylist Listing ID: 30241969
Property Subtypes: Convenience Store, Free-Standing Building, Service Station/Gas Station
Building Size (RSF): 907 SF
Gross Building Area: See Agent
Gross Land Area: 0.71 Acres
Sale Price: $875,000
Unit Price: $964.72 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: Undisclosed
Last Updated: 4/23/2018

Overview / Comments

Invest in this established and profitable gas station and convenience store. The property is located on Central Avenue at a hard corner with split median providing convenient access and excellent visibility. 29,900 cars per day and 450,000 gallons of fuel sold annually. 2017 net operating income was $155,000.

Financials

Finance Data Year 2017
Net Operating Income $155,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: West Mesa
Taxing Authority: Bernalillo
Tax ID/APN: 1012 057 059 436 20903
Zoning: C-2 - Community Commercial Zone
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Traffic/Vehicle Count: 29,990
Airports: Albuquerque International Airport
Tenancy: Single Tenant
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LT 1A BLK 6 ZIMMERMAN ADD (A REPL OF LTS 14 BLK 6 & TR 127C 2) CONT 30,727 SQ FT

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,477 131,893 239,901
Median Age: 32.98 33.15 33.13
Households: 6,236 48,163 89,679

Contact

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